It appears that Cage was extremely drunk and was having a load argument with his wife on the streets of New Orleans when a cab driver called police.

But when cops told Cage and his wife to go home, Cage became verbally abusive and dared the police to arrest him. After several minutes, Cage was still taunting the officers so they arrested him for domestic violence AND disturbing the peace.

The cab driver apparently told the police that he saw Cage push his wife but she says there was no inappropriate contact.

As of Saturday afternoon Cage was still in jail awaiting his initial sentence. We suspect he will bail out later today.

Cage, who has recently accused his ex-manager for destroying his financial net worth, is known to have owned property in New Orleans. Just last year one of Cage’s multi-million dollar New Orleans houses went up for auction after the bank foreclosed on it.

The actor is currently filming the thriller “Medallion”, about a former thief who frantically searches for his missing daughter who has been kidnapped and locked in the trunk of a taxi.

Cage is also known for his roles in high profile films like The Sorcerer's Apprentice, Bangkok Dangerous, The Wicker Man, National Treasure, The Ant Bully, Matchstick Men, Con Air, Leaving Las Vegas, Guarding Tess, Peggy Sue Got Married, and Fast Times at Ridgemont High.